Income tax returns

How you report your PSI will depend on whether you operate as a sole trader, company, partnership or trust.

Sole traders

From 2013, if you're required to complete the Business and professional items schedule you cannot lodge a paper tax return. You must lodge your tax return online through myTax or via a registered tax agent.

Companies, partnerships and trusts

From the 2013 income year, the Personal services income schedule (NAT 3421) is no longer required. The relevant questions are now included in the PSI questions of the company, partnership and trust tax returns.

Our commitment to you

We are committed to providing you with accurate, consistent and clear information to help you understand your rights and entitlements and meet your obligations.

If you follow our information and it turns out to be incorrect, or it is misleading and you make a mistake as a result, we will take that into account when determining what action, if any, we should take.

Some of the information on this website applies to a specific financial year. This is clearly marked. Make sure you have the information for the right year before making decisions based on that information.

If you feel that our information does not fully cover your circumstances, or you are unsure how it applies to you, contact us or seek professional advice.